1 week Ago By Defense World Staff
LPL Financial LLC boosted its stake in shares of Tidewater Inc. (NYSE:TDW – Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 6,944 shares of the oil and gas company’s stock after acquiring an additional 1,309 shares during the quarter. LPL Financial LLC’s holdings in Tidewater were worth $380,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in TDW.
Hodges Capital Management Inc. lifted its holdings in Tidewater by 103.0% during the 4th quarter.
Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company’s stock worth $5,288,000 after buying an additional 49,050 shares in the last quarter. Harbor Capital Advisors Inc.
grew its position in shares of Tidewater by 23.9% in the 4th quarter. Harbor Capital Advisors Inc.
now owns 154,112 shares of the oil and gas company’s stock valued at $8,431,000 after purchasing an additional 29,721 shares during the period. Barclays PLC raised its holdings in shares of Tidewater by 354.2% during the third quarter.
Barclays PLC now owns 78,848 shares of the oil and gas company’s stock worth $5,661,000 after acquiring an additional 61,487 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Tidewater by 42,719.
6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after purchasing an additional 1,390,951 shares in the last quarter.
Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Tidewater in the fourth quarter valued at approximately $704,000. Institutional investors and hedge funds own 95.13% of the company’s stock.
Tidewater Price PerformanceShares of NYSE:TDW opened at $36.37 on Friday. The company has a market cap of $1.
87 billion, a price-to-earnings ratio of 10.70 and a beta of 0.70.
Tidewater Inc. has a one year low of $31.17 and a one year high of $111.
42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.
29 and a quick ratio of 2.19. The firm has a 50 day simple moving average of $40.
38 and a 200 day simple moving average of $49.97. Insider Buying and Selling at TidewaterIn related news, Director Robert Robotti acquired 1,770 shares of the stock in a transaction dated Wednesday, March 5th.
The stock was bought at an average cost of $40.95 per share, for a total transaction of $72,481.50.
Following the completion of the transaction, the director now directly owns 2,183,670 shares of the company’s stock, valued at $89,421,286.50. The trade was a 0.
08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.
33% of the company’s stock. Analyst Upgrades and DowngradesSeveral research firms have weighed in on TDW. Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th.
Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $112.00 to $68.00 in a report on Wednesday, January 15th.
Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.
Check Out Our Latest Report on TidewaterTidewater Profile (Free Report)Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.Featured ArticlesFive stocks we like better than TidewaterWhat is a penny stock? A comprehensive guideMarkets Think Robinhood Earnings Could Send the Stock UpExpert Stock Trading Psychology TipsChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?What Are Trending Stocks? Trending Stocks ExplainedAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
